MXLMX vs. MXGMX
MXLMX (Great-West Multi-Sector Bond Fund) and MXGMX (Great-West U.S. Government Securities Fund) are both mutual funds - MXLMX is a Multisector Bonds fund managed by Great-West Funds, while MXGMX is a Government Bonds fund managed by Great-West Funds. Over the past 10 years, MXLMX returned 3.23%/yr vs 0.75%/yr for MXGMX. At a 0.47 correlation, their price movements are largely independent. MXLMX charges 0.90%/yr vs 0.60%/yr for MXGMX.
Performance
MXLMX vs. MXGMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXLMX achieves a 0.96% return, which is significantly higher than MXGMX's 0.27% return. Over the past 10 years, MXLMX has outperformed MXGMX with an annualized return of 3.23%, while MXGMX has yielded a comparatively lower 0.75% annualized return.
MXLMX
- 1D
- 0.07%
- 1M
- 0.66%
- YTD
- 0.96%
- 6M
- 1.07%
- 1Y
- 5.84%
- 3Y*
- 6.39%
- 5Y*
- 1.91%
- 10Y*
- 3.23%
MXGMX
- 1D
- 0.18%
- 1M
- 0.72%
- YTD
- 0.27%
- 6M
- 0.30%
- 1Y
- 3.98%
- 3Y*
- 3.29%
- 5Y*
- -0.31%
- 10Y*
- 0.75%
MXLMX vs. MXGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXLMX Great-West Multi-Sector Bond Fund | 0.96% | 7.99% | 5.14% | 7.89% | -11.42% | 0.96% | 9.02% | 11.74% | -3.03% | 4.83% |
MXGMX Great-West U.S. Government Securities Fund | 0.27% | 6.60% | 0.75% | 4.44% | -12.09% | -2.15% | 5.87% | 6.12% | 0.63% | 1.59% |
Correlation
The correlation between MXLMX and MXGMX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2003 | 0.47 |
Over the past year, MXLMX and MXGMX have become more correlated (0.84) than their long-term average of 0.47, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MXLMX vs. MXGMX — Risk / Return Rank
MXLMX
MXGMX
MXLMX vs. MXGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Multi-Sector Bond Fund (MXLMX) and Great-West U.S. Government Securities Fund (MXGMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXLMX | MXGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.34 | +1.04 |
| Martin ratioReturn relative to average drawdown | 9.17 | 3.80 | +5.37 |
Loading charts...
Drawdowns
MXLMX vs. MXGMX - Drawdown Comparison
The maximum MXLMX drawdown since its inception was -36.94%, which is greater than MXGMX's maximum drawdown of -18.63%. Use the drawdown chart below to compare losses from any high point for MXLMX and MXGMX.
Loading charts...
Drawdown Indicators
| MXLMX | MXGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -18.63% | -18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -3.09% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -6.67% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -17.09% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -15.52% | -18.63% | +3.11% |
Current DrawdownCurrent decline from peak | -0.51% | -4.36% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -5.31% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.07% | -0.42% |
Volatility
MXLMX vs. MXGMX - Volatility Comparison
The current volatility for Great-West Multi-Sector Bond Fund (MXLMX) is 1.03%, while Great-West U.S. Government Securities Fund (MXGMX) has a volatility of 1.15%. This indicates that MXLMX experiences smaller price fluctuations and is considered to be less risky than MXGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXLMX | MXGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.15% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.72% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 3.81% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 5.90% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 4.64% | -0.45% |
MXLMX vs. MXGMX - Expense Ratio Comparison
MXLMX has a 0.90% expense ratio, which is higher than MXGMX's 0.60% expense ratio.
Dividends
MXLMX vs. MXGMX - Dividend Comparison
MXLMX's dividend yield for the trailing twelve months is around 3.25%, more than MXGMX's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXGMX Great-West U.S. Government Securities Fund | 2.66% | 2.67% | 2.73% | 2.37% | 1.48% | 2.21% | 0.94% | 1.53% | 1.88% | 0.90% |
MXLMX Great-West Multi-Sector Bond Fund | 3.25% | 3.28% | 3.68% | 3.16% | 2.59% | 3.88% | 3.59% | 1.76% | 3.07% | 0.45% |
Frequently Asked Questions
MXLMX and MXGMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXGMX has higher volatility (1.15%) compared to MXLMX (1.03%). In terms of maximum drawdown, MXLMX dropped -36.94% vs MXGMX's -18.63%.
MXLMX currently has the higher Sharpe Ratio (2.13 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MXLMX and MXGMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer